The President signed a decree that defines the conditions for the initial (IPO) and secondary (SPO) public offering of shares of joint-stock companies, in the authorized capital of which the state share is 50 percent or more. This is stated in the Presidential Decree “On measures for the further development of the capital market.”
Hungarian OTP Bank participates in the privatization of one of the banks in Uzbekistan. President Shavkat Mirziyoyev said this during the ceremony of signing bilateral documents after the Uzbek-Hungarian talks.
This decision is due to the strengthening of the prerequisites for a further slowdown in the forecast inflation dynamics, the need to maintain moderately positive real interest rates in the economy, as well as to achieve a balance between the inflation target and maintaining economic activity in a pandemic.
Capital Markets Development Agency of the Republic of Uzbekistan (CMDA), the United Nations Development Programme (UNDP) and Islamic Development Bank (IsDB) signed a Statement of Intent (SoI) in Sustainable Development Goals (SDGs) and development of Uzbekistan’s financial market, CMDA reports.
On June 23, Sanoat Qurilish Bank (Uzbekistan Industrial and Construction Bank) and the European Bank for Reconstruction and Development (EBRD) signed a loan agreement, according to which the EBRD provides a credit line in the amount of $40 million to finance domestic manufacturers, exporters and SMEs.